Highest 2007 Metro Foreclosure Rates

[MidtownCoog]

Not much to say other than FYI:

http://www.realtytrac.com/ContentManagemen...amp;accnt=64847

[BryanS]

We're no. 39 on the list (out of 100). We're not immune, as what many people tend to think...

[KatieDidIt]

We're no. 39 on the list (out of 100). We're not immune, as what many people tend to think...

Yes but is this actually Houston, or does this include all the suburbs out in Katy, Spring, Pearland and all the other little towns that over built tract housing?

If you notice many of the top cities listed suffer from sprawl. Finding foreclosed home inside the beltway is a little harder than this list would lend you to believe.

Edited February 14, 2008 by KatieDidIt

[jfre81]

Yes but is this actually Houston, or does this include all the suburbs out in Katy, Spring, Pearland and all the other little towns that over built tract housing?

If you notice many of the top cities listed suffer from sprawl. Finding foreclosed home inside the beltway is a little harder than this list would lend you to believe.

They're for the entire Houston-Baytown-Sugar Land MSA. So yes, it includes the burbs.

The rank was based on the number of foreclosures vs. the number of total homes in the metro. According to this list, metro Houston's foreclosure rate increased only 4.08%. Compare with metros in California, Florida, the Rust Belt etc. with 100%+ increases.

No place is immune as no place exists in a vacuum insulated completely from nationwide trends.

[SamHouston]

No place is immune as no place exists in a vacuum insulated completely from nationwide trends.

Here is a recent paper by the Houston branch of the Fed. In summary, yes we were untouched by the boom and following bust, but the subprime issue has affected Houston.